News

Ashok Leyland rises on unveiling new truck in 18.5 tonne segment Ashok Leyland is currently trading at Rs. 189.70, up by 2.15 points or 1.15% from its previous closing of Rs. 187.55 on the BSE. The scrip opened at Rs. 187.65 and has touched a high and low of Rs. 189.75 and Rs. 187.50 respectively. So far 366681 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 191.45 on 16-Aug-2023 and a 52 week low of Rs. 133.10 on 28-Mar-2023. Last one week high and low of the scrip stood at ...
Ashok Leyland rises on unveiling new truck in 18.5 tonne segment
Ashok Leyland rises on unveiling new truck in 18.5 tonne segment
Source: Accord Fintech
29/08/2023 11:58:04 AM
Ashok Leyland to acquire Hinduja group company OHM Global Mobility Commercial vehicles major and part of Hinduja group, Ashok Leyland Ltd, said on Monday that it would acquire OHM Global Mobility Private Ltd (OHM India) from OHM International Mobility Ltd for Rs 1 lakh. In a regulatory filing, Ashok Leyland said post acquisition, it would invest up to Rs 300 crore in OHM India. According to Ashok Leyland, OHM India is a wholly-owned subsidiary of OHM International Mobility Limited UK (OHM  UK). The promoter, Hinduja Automotive Ltd, directl...
Ashok Leyland to acquire Hinduja group company OHM Global Mobility
Ashok Leyland to acquire Hinduja group company OHM Global Mobility
Source: IANS
15/08/2023 9:53:30 AM
Hinduja Group to get RBI`s nod to hike stakes to 26% in IndusInd Bank The Hinduja group, the promoter of the IndusInd Bank, is expected to get the Reserve Bank of India’s (RBI) nod to hike their stakes by 9.5 per cent to 26 per cent, it is reliably learnt. According to the sources close to the Hinduja group, the RBI is expected to give its formal clearance to the group for stake hike.  At an analyst conference, the IndusInd Bank management had said the promoters have applied to RBI for a stake hike.  Currently two companies – Indu...
Hinduja Group to get RBI`s nod to hike stakes to 26% in IndusInd Bank
Hinduja Group to get RBI`s nod to hike stakes to 26% in IndusInd Bank
Source: IANS
27/06/2023 10:06:47 AM
Ashok Leyland zooms on inking pact with Aidrivers to produce autonomous electric terminal trucks Ashok Leyland is currently trading at Rs. 167.15, up by 9.80 points or 6.23% from its previous closing of Rs. 157.35 on the BSE. The scrip opened at Rs. 160.00 and has touched a high and low of Rs. 167.80 and Rs. 158.35 respectively. So far 1861250 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 169.40 on 06-Sep-2022 and a 52 week low of Rs. 128.35 on 17-Jun-2022. Last one week high and low of the scrip stood at...
Ashok Leyland zooms on inking pact with Aidrivers to produce autonomous electric terminal trucks
Ashok Leyland zooms on inking pact with Aidrivers to produce autonomous electric terminal trucks
Source: Accord Fintech
16/06/2023 11:57:15 AM
Ashok Leyland rides high on betting big on infra projects in eastern part for MHCV category Ashok Leyland is currently trading at Rs. 152.75, up by 0.85 points or 0.56% from its previous closing of Rs. 151.90 on the BSE. The scrip opened at Rs. 150.80 and has touched a high and low of Rs. 153.65 and Rs. 150.80 respectively. So far 205299 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 169.40 on 06-Sep-2022 and a 52 week low of Rs. 128.35 on 17-Jun-2022. Last one week high and low of the scrip stood at ...
Ashok Leyland rides high on betting big on infra projects in eastern part for MHCV category
Ashok Leyland rides high on betting big on infra projects in eastern part for MHCV category
Source: Accord Fintech
8/06/2023 12:46:37 PM
Ashok Leyland rises on entering into partnership with Cholamandalam Investment and Finance Ashok Leyland is currently trading at Rs. 150.85, up by 0.75 points or 0.50% from its previous closing of Rs. 150.10 on the BSE. The scrip opened at Rs. 150.50 and has touched a high and low of Rs. 150.90 and Rs. 150.15 respectively. So far 62138 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 169.40 on 06-Sep-2022 and a 52 week low of Rs. 128.35 on 17-Jun-2022. Last one week high and low of the scrip stood at R...
Ashok Leyland rises on entering into partnership with Cholamandalam Investment and Finance
Ashok Leyland rises on entering into partnership with Cholamandalam Investment and Finance
Source: Accord Fintech
7/06/2023 10:48:58 AM
Hinduja Group Chairman Srichand Parmanand Hinduja passes away at 87 British billionaire and Hinduja Group Chairman Srichand Parmanand Hinduja passed away in London on Wednesday, a family spokesperson said. S.P. Hinduja (87) was the eldest of the four brothers. A statement issued by the family spokesperson read: "Gopichand, Prakash, Ashok and the whole Hinduja family with a heavy heart regret to announce the passing away of our family patriarch, and Chairman of the Hinduja Group, S.P. Hinduja today. "He was a visionary and mentor to the fami...
Hinduja Group Chairman Srichand Parmanand Hinduja passes away at 87
Hinduja Group Chairman Srichand Parmanand Hinduja passes away at 87
Source: IANS
18/05/2023 10:23:06 AM
IIHL receives Rs 50,000 cr financial offers from overseas lenders for Reliance Capital acquisition The Hinduja Group arm, IndusInd International Holding Ltd. (IIHL), which emerged the highest bidder for Reliance Capital in the recently concluded auction, is firmly in the driver's seat as the company has already received Rs 50,000 crore worth of funding offers from the leading overseas lenders to fund the acquisition. Some of the leading banks and financial institutions who have extended commitment letters to IIHL are JP Morgan, Standard Chartered Bank, Barclays, Apollo Global Manage...
IIHL receives Rs 50,000 cr financial offers from overseas lenders for Reliance Capital acquisition
IIHL receives Rs 50,000 cr financial offers from overseas lenders for Reliance Capital acquisition
Source: IANS
1/05/2023 10:48:01 AM
Hinduja group offers to infuse Rs 300 crore in Reliance General Insurance The Hinduja group has made an offer to invest an additional Rs 300 crore in Reliance General Insurance. Reliance General Insurance, a unit of Reliance Capital, needs cash infusion to maintain solvency levels. IndusInd International Holdings Ltd (IIHL), which is owned by Hinduja, made the highest bid of Rs 9,650 crore for Reliance Capital in a second auction on Wednesday. Reliance General Insurance had sought Rs 600 crore cash infusion from lenders in December last year to meet solven...
Hinduja group offers to infuse Rs 300 crore in Reliance General Insurance
Hinduja group offers to infuse Rs 300 crore in Reliance General Insurance
Source: IANS
27/04/2023 5:43:33 PM
Hinduja Group company emerges as highest bidder for RCap Sources close to developments have revealed that after many twists and turns, a Hinduja Group company on Wednesday emerged as the highest bidder with an offer of Rs 9,650 crore to take over debt-ridden Reliance Capital in the second round of auction. The bid by IndusInd International Holdings Ltd (IIHL) is higher than the Rs 8,640 crore offer made by Torrent Investments in the first round of the auction held in December last year. It is believed that the other two suitors -- Torrent Inv...
Hinduja Group company emerges as highest bidder for RCap
Hinduja Group company emerges as highest bidder for RCap
Source: IANS
27/04/2023 9:41:49 AM
Reliance Capital lenders to meet on Monday to resolve concerns of bidders The lenders of Reliance Capital (RCap) will meet on Monday to resolve concerns raised by bidders ahead of the second round of auction on April 26. Torrent Investment and IndusInd International Holdings Ltd (IIHL) of Hinduja Group have expressed many reservations on the scheduled auction and its terms. Both the bidders reportedly have conveyed to the Committee of Creditors (CoC) that unless the issues raised by them are resolved, they are unlikely to participate in the auction. Both t...
Reliance Capital lenders to meet on Monday to resolve concerns of bidders
Reliance Capital lenders to meet on Monday to resolve concerns of bidders
Source: IANS
24/04/2023 8:59:20 AM
Ashok Leyland launches e-Marketplace for Used Commercial Vehicles, Re-AL Ashok Leyland, the Indian flagship of the Hinduja Group and the country’s leading commercial vehicle manufacturer, launched its e-marketplace, Re-AL for Used Commercial Vehicles. The marketplace will aid customers in exchanging Used Vehicles and upgrading them to new Ashok Leyland trucks and buses. By leveraging this digital platform, Ashok Leyland hopes to increase transparency in the otherwise disorganized used vehicle ecosystem. The e-marketplace will offer customers with a range ...
Ashok Leyland launches e-Marketplace for Used Commercial Vehicles, Re-AL
Ashok Leyland launches e-Marketplace for Used Commercial Vehicles, Re-AL
Source: PR Agency
14/04/2023 10:21:24 AM
Ashok Leyland rides high on launching e-Marketplace for used commercial vehicles Ashok Leyland is currently trading at Rs. 138.45, up by 0.95 points or 0.69% from its previous closing of Rs. 137.50 on the BSE. The scrip opened at Rs. 137.55 and has touched a high and low of Rs. 138.90 and Rs. 137.40 respectively. So far 309686 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 169.40 on 06-Sep-2022 and a 52 week low of Rs. 113.00 on 12-May-2022. Last one week high and low of the scrip stood at ...
Ashok Leyland rides high on launching e-Marketplace for used commercial vehicles
Ashok Leyland rides high on launching e-Marketplace for used commercial vehicles
Source: Accord Fintech
13/04/2023 2:03:05 PM
Ashok Leyland shines on reporting 19% growth in March sales Ashok Leyland is currently trading at Rs. 142.60, up by 3.45 points or 2.48% from its previous closing of Rs. 139.15 on the BSE. The scrip opened at Rs. 140.20 and has touched a high and low of Rs. 142.75 and Rs. 140.20 respectively. So far 171218 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 169.40 on 06-Sep-2022 and a 52 week low of Rs. 113.00 on 12-May-2022. Last one week high and low of the scrip stood at ...
Ashok Leyland shines on reporting 19% growth in March sales
Ashok Leyland shines on reporting 19% growth in March sales
Source: Accord Fintech
3/04/2023 10:12:44 AM
Torrent Investments unlikely to participate in 2nd auction for Reliance Capital Torrent Investments has reportedly informed lenders of Reliance Capital that it is unwilling to participate in the auction to sell the financial services company. This is likely to hurt the process to maximise returns from the sale because only the Hinduja Group may be left in the fray. Earlier, while opposing the extension of the auction, in a letter to RBI Deputy Governor M. Rajeshwar Rao, Torrent Investments had sought directions to Nageswara Rao Y, administrator of Reliance Capital....
Torrent Investments unlikely to participate in 2nd auction for Reliance Capital
Torrent Investments unlikely to participate in 2nd auction for Reliance Capital
Source: IANS
25/03/2023 4:59:51 PM
Post Budget Analysis : Growth-oriented budget with massive capital investment outlays Says Gopichand Hinduja, Hinduja Group Below is Post Budget Comment By Mr. Gopichand P. Hinduja, Co-Chairman, Hinduja Group Limited “When India is the lone shining star in the world facing threats of recession, Ms Nirmala Sitaraman has delivered a perfectly focused growth-oriented budget with massive capital investment outlays @ 4.5% of GDP while staying on track with the fiscal deficit reduction plan. What is remarkable is the holistic, sustainable and inclusive approach taken covering every element of infrastructure ...
Post Budget Analysis : Growth-oriented budget with massive capital investment outlays Says Gopichand Hinduja, Hinduja Group
Post Budget Analysis : Growth-oriented budget with massive capital investment outlays Says Gopichand Hinduja, Hinduja Group
Source: PR Agency
3/02/2023 12:25:47 PM
`David` Torrent in battle with `Goliath` Hindujas for Reliance Capital buy out The IIHL (Hinduja Group) and Torrent are in the final race for Reliance Capital resolution process. IIHL, a part of Hinduja Group, is the highest bidder with a bid value of Rs 10,000 crore which includes an upfront cash offer of Rs 9,000 crore. In comparison, the value of Torrent's resolution plan is Rs 8,640 crore, which the company bid at the Challenge Mechanism conducted by the COC on December 21, 2022. Hinduja is one of the leading conglomerates with presence in multiple sect...
`David` Torrent in battle with `Goliath` Hindujas for Reliance Capital buy out
`David` Torrent in battle with `Goliath` Hindujas for Reliance Capital buy out
Source: IANS
16/01/2023 9:21:14 AM
SWITCH Mobility unveils new electric vehicle at Auto Expo 2023 SWITCH Mobility, the electric vehicle arm of the Hinduja Group, on Wednesday unveiled the all-new IeV series at the Auto Expo 2023, designed to deliver performance with tech-enabled intelligence. The company said with these intelligent, electric vehicles, SWITCH will address the growing requirement of last-mile and mid-mile mobility applications in India. "As SWITCH continues to grow, we will continue to excite the electric commercial vehicle (CV) market with innovative and intelli...
SWITCH Mobility unveils new electric vehicle at Auto Expo 2023
SWITCH Mobility unveils new electric vehicle at Auto Expo 2023
Source: IANS
11/01/2023 3:08:35 PM
In twist to tale, Torrent does copycat, revises RCap bid In a bizarre twist to the tale, Torrent has revised its resolution plan for Reliance Capital. Torrent had earlier accused IIHL (Hinduja Group) to revise their Resolution Plan. Torrent has now revised its upfront payment from Rs 3,750 crore to Rs 8,640 crore. This is allegedly in gross violation of the RFRP and the Challenge Mechanism. Torrent's alleged all cash bid of Rs 8,640 crore is still lower than the Rs 9,000 crore plus all cash bid of IIHL.
In twist to tale, Torrent does copycat, revises RCap bid
In twist to tale, Torrent does copycat, revises RCap bid
Source: IANS
6/01/2023 4:17:46 PM
Crucial meeting of Reliance Capital COC to be held on Tuesday The Committee of Creditors (COC) of Reliance Capital is scheduled to meet on Tuesday to discuss the Resolution plans of the Torrent Group and Hinduja Group. The legal Advisors to the Administrator and COC, AZB & Partners and Luthtra & Luthra will present legal compliance of both plans. In addition, Financial Advisors Deloitte to Administrator and KPMG to CoC will present evaluation plans of both bidders In an e-auction conducted under the Challenge Mechanism, Torrent had pres...
Crucial meeting of Reliance Capital COC to be held on Tuesday
Crucial meeting of Reliance Capital COC to be held on Tuesday
Source: IANS
2/01/2023 5:22:43 PM
Ashok Leyland shines on reporting 45% growth in December sales Ashok Leyland is currently trading at Rs. 146.05, up by 2.65 points or 1.85% from its previous closing of Rs. 143.40 on the BSE. The scrip opened at Rs. 146.25 and has touched a high and low of Rs. 147.55 and Rs. 145.20 respectively. So far 248106 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 169.40 on 06-Sep-2022 and a 52 week low of Rs. 93.20 on 08-Mar-2022. Last one week high and low of the scrip stood at R...
Ashok Leyland shines on reporting 45% growth in December sales
Ashok Leyland shines on reporting 45% growth in December sales
Source: Accord Fintech
2/01/2023 10:12:26 AM
Hinduja Group wins Reliance Capital auction with bid value of Rs 8600 cr Hinduja Group on Wednesday won the race for Reliance Capital Ltd with a higest bid of Rs 8600 crore. According to banking sources, the auction that started on Wednesday morning concluded with Hinduja emerging as the highest bidder for Reliance Capital as a core investment company. The Committee of Creditors (CoC) had fixed a floor value of Rs 6,500 crore for the first round of auction. The threshold value for the second and third round was Rs 7,500 crore and Rs 8,500 crore, respectively...
Hinduja Group wins Reliance Capital auction with bid value of Rs 8600 cr
Hinduja Group wins Reliance Capital auction with bid value of Rs 8600 cr
Source: IANS
21/12/2022 5:27:01 PM
Ashok Leyland trades higher on the BSE Ashok Leyland is currently trading at Rs. 145.85, up by 1.75 points or 1.21% from its previous closing of Rs. 144.10 on the BSE. The scrip opened at Rs. 145.00 and has touched a high and low of Rs. 146.30 and Rs. 144.60 respectively. So far 220382 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 169.40 on 06-Sep-2022 and a 52 week low of Rs. 93.20 on 08-Mar-2022. Last one week high and low of the scrip stood at R...
Ashok Leyland trades higher on the BSE
Ashok Leyland trades higher on the BSE
Source: Accord Fintech
23/11/2022 2:21:38 PM
Ashok Leyland soars on bagging mega order in UAE Ashok Leyland is currently trading at Rs. 158.85, up by 4.85 points or 3.15% from its previous closing of Rs. 154.00 on the BSE. The scrip opened at Rs. 155.90 and has touched a high and low of Rs. 159.95 and Rs. 154.95 respectively. So far 136872 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 159.95 on 01-Aug-2022 and a 52 week low of Rs. 93.20 on 08-Mar-2022. Last one week high and low of the scrip stood at R...
Ashok Leyland soars on bagging mega order in UAE
Ashok Leyland soars on bagging mega order in UAE
Source: Accord Fintech
1/09/2022 9:59:10 AM
Key News - Reliance Industries Ltd, Hinduja Group ,Life Insurance Corporation, Indian Oil Corporation, Ashok Leyland, By ARETE Securities Key News Reliance Industries set for face-off with Amazon over IPL telecast rights Amazon’s rivalry in India with oil-to-retail conglomerate Reliance Industries (RIL) looks set to head to the cricket field, where they will likely battle media heavyweights for telecast rights to India’s premier cricket league with its hundreds of millions of viewers. Amazon.com Inc and RIL are expected to take on India units of Sony Group Corp and Walt Disney Co for exclusive five-year TV ...
Key News - Reliance Industries Ltd, Hinduja Group ,Life Insurance Corporation, Indian Oil Corporation, Ashok Leyland, By ARETE Securities
Key News - Reliance Industries Ltd, Hinduja Group ,Life Insurance Corporation, Indian Oil Corporation, Ashok Leyland, By ARETE Securities
Source: ARETE Securities Ltd
21/02/2022 10:29:19 AM
Ashok Leyland gains as its unit to set up manufacturing and technology centre in Spain Ashok Leyland is currently trading at Rs. 126.45, up by 0.10 points or 0.08% from its previous closing of Rs. 126.35 on the BSE. The scrip opened at Rs. 128.00 and has touched a high and low of Rs. 128.25 and Rs. 125.00 respectively. So far 280452 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 153.40 on 16-Nov-2021 and a 52 week low of Rs. 87.30 on 22-Dec-2020. Last one week high and low of the scrip stood at R...
Ashok Leyland gains as its unit to set up manufacturing and technology centre in Spain
Ashok Leyland gains as its unit to set up manufacturing and technology centre in Spain
Source: Accord Fintech
16/12/2021 11:39:17 AM
Ashok Leyland gains on launching AVTR 4825 Tipper truck Ashok Leyland is currently trading at Rs. 118.20, up by 0.70 points or 0.60% from its previous closing of Rs. 117.50 on the BSE. The scrip opened at Rs. 118.40 and has touched a high and low of Rs. 118.55 and Rs. 117.60 respectively. So far 52350 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 143.25 on 03-Aug-2021 and a 52 week low of Rs. 64.20 on 09-Sep-2020. Last one week high and low of the scrip stood at Rs...
Ashok Leyland gains on launching AVTR 4825 Tipper truck
Ashok Leyland gains on launching AVTR 4825 Tipper truck
Source: Accord Fintech
27/08/2021 10:48:42 AM
Siemens ties up with Hinduja Group for EV charging infra Siemens Limited and the Hinduja group's Switch Mobility Automotive Limited have signed a Memorandum of Understanding (MoU) to play in the electric commercial vehicles segment. Siemens also said Siemens Financial Services (SFS), the financing arm of Siemens AG, would consider a minority investment in OHM Global Mobility Private Limited, another Hinduja group company. While Switch Mobility would bring in its electric commercial vehicles into India, Siemens would provide the charging i...
Siemens ties up with Hinduja Group for EV charging infra
Siemens ties up with Hinduja Group for EV charging infra
Source: IANS
9/04/2021 12:03:21 PM
Ashok Leyland to buy Nissan's stake in Hinduja Tech for Rs 70.20 cr Hinduja Group flagship firm Ashok Leyland on Thursday said it has entered an agreement with Nissan International Holding BV to acquire 38 per cent stake in Hinduja Tech for Rs 70.20 crore. "The company has entered into a share purchase agreement with Nissan International Holding BV to acquire 58,500,000 shares for a total consideration of Rs 70.20 crore constituting 38 per cent in the paid-up share capital of Hinduja Tech Ltd. Consequent to the aforesaid acquisition, HTL will...
Ashok Leyland to buy Nissan's stake in Hinduja Tech for Rs 70.20 cr
Ashok Leyland to buy Nissan's stake in Hinduja Tech for Rs 70.20 cr
Source: Dion Global Solutions Ltd
25/02/2021 11:46:37 AM